On May 7, 2022, Connecticut Governor Ned Lamont signed into law the state’s fiscal year 2023 budget (HB5506), which includes the elimination of certain taxes on ambulatory surgical centers (ASCs) in Connecticut. Since October 1, 2015, ASCs have been required to pay a quarterly tax of six percent on their gross receipts (subject to certain exclusions). Under current law, the gross receipts tax will sunset on July 1, 2023, and be replaced with a three percent tax on an ASC’s net revenue (subject to certain exclusions). As of July 1, 2022, this new law sunsets the ASC gross receipts tax and repeals the ASC net revenue tax.
*This post was co-authored by Erin Howard, legal intern at Robinson+Cole. Erin is not admitted to practice law.